TAMIL ISSUE STILL REMAINS UNRESOLVED
Published 18-02-2015 11:56 GMT-0000
New Delhi has moved an inch forward to secure the Indian Ocean from the growing Chinese influence. It has seized the right opportunity with the change of leadership in Sri Lanka to strike a civil nuclear pact with the nearest island and agreed to expand defence and strategic cooperation, including “the trilateral format” with the Maldives. The civil nuke pact is the first of its kind that Colombo has signed with any country. This can be seen as India’s attempt to pre-empt any such move by the Chinese to ink a similar deal with the island country.
BIG PRESSURE ON EU FOR CHANGE
Published 30-01-2015 11:12 GMT-0000
British novelist and journalist James Meek, in his recent commentary termed the victory of radical left alliance Syriza in the general elections in greece as a “hopeful moment for Europe”. While it is easy for a populist movement to mobilize people’s anger against the austerity programme, there is no denying that the Syriza leadership showed the very way of making use of popular distrust in a short span of time against the unholy alliance of corrupt bankers, international financial institutions and the discredited political establishment.
THE CHARLIE HEBDO MURDERS
Published 27-01-2015 12:13 GMT-0000
More than two weeks on, the debate on the barbaric killings of Charlie Hebdo journalists and the freedom of expression has become a conversation across time-zones and political, cultural and legal divides. This is probably the first time that such a debate is taking place in a world connected by Facebook, Twitter and U-Tube.
INDIAN PROGRAMMES STILL INADEQUATE
Published 18-10-2014 16:54 GMT-0000
KOLKATA: One of the first priorities of the NDA Government on coming to power was to address the task of speedily narrowing down the asymmetrical gap in India’s defence vis-à-vis China along the entire Himalayan border. In fact, this should have begun in right earnest more than half a century ago, immediately after India’s disastrous military defeat at the hands of the Chinese in 1962. But, for reasons best known to them, successive Central governments chose not to give adequate attention to this vital task. Despite the trauma, India went into hibernation, as it were. It meant a growing asymmetry between China’s offensive capability and India’s defensive capability. This has gone on for over half a century, widening the asymmetry.
WEST ASIAN GEO-POLITICS UNDERGOING CHANGE
Published 23-09-2014 01:39 GMT-0000
Following the Arab Spring that began in December 2011, the situation in West Asia and North Africa, particularly in Iraq and Syria is taking an ugly turn and has not only put Indian diplomacy to test but is also likely to pose a challenge to India’s security concerns and economic interests. The region has brought both the local and external powers in the play. The sectarian divide between the Sunnis and the Shias has aggravated the situation to question the Sykes-Picot boundaries between the existing nation states. Further the formation of the Caliphate by the Islamic State of Iraq and al-Sham (ISIS) is an indication that the delicate problem may not be resolved in the immediate future. Adding to India’s security concerns is the Sunni terrorist organisation, Al Qaida forming its new arm for the Indian sub-continent.
MODI AND JINGPING BURY TRUST DEFICIT
Published 19-09-2014 11:38 GMT-0000
The escalated row between Japan and China and deterioration in Sino-American relations activated Chinese interest in India. China and Japan are vying for Prime Minister Narendra Modi’s heart to establish a political dominance in Asian politics and counter-balance each others’ foray in Asia. Had Japan not extended a big hand of support to India’s infrastructure development, it is doubted that China would have splurged investment in India.
INFORMATION TECHNOLOGY SECTOR TO GET BIG BOOST
Published 19-09-2014 11:32 GMT-0000
After a long tug-of-war, India-ASEAN Free Trade Agreement (FTA) in services has become a reality. It symbolizes one more step forward to accelerate India’s Look East policy. India signed FTA in goods in 2009. In fact, from the beginning India has always been insisting on comprehensive FTA for goods and services, in contrary to ASEAN thrust on FTA in goods at the first stage. The advantage for India is more in service trade than in goods. But, since trade in goods is conventionally the first stage of FTA, India had to bow to ASEAN pressure for trade in goods as the precursor to FTA in services.
ALL FOCUS IS NOW ON SOUTH CHINA SEA
Published 04-08-2014 13:35 GMT-0000
By accepting a UN-backed legal verdict on its dispute with Bangladesh over maritime territories in the Bay of Bengal, India has scored a diplomatic point against China.
HOW THE JAPANESE DREAM INDIA ACQUISITION TURNED A NIGHTMARE
Published 13-04-2014 10:11 GMT-0000
Six years ago, when Daiichi Sankyo, the Japanese pharmaceutical giant, concluded the biggest ever foreign acquisition of an Indian manufacturing company by any group in a $4.2 billion cash deal buying the entire 34.82 per cent stake of Malvinder Mohan Singh and family, the erstwhile promoters of Ranbaxy Laboratories, then the largest Indian drug maker and exporter, the Japanese pharma conglomerate was naturally in a celebration mood. It was Daiichi Sankyo’s biggest moment of glory, coming just two years after its major entry into the United States, the world’s largest drug market, without knowing that its India foray would soon step into a corporate booby trap that would not only create a big hole in its pocket but also smear its global face with dirty drugs.
RBI MAY HAVE TO BEGIN REJIGGING ITS MONETARY STANCE
Published 20-03-2014 14:24 GMT-0000
As India gets deeper into a historic election battle, harsh external winds, mostly geopolitical, have begun to flow, compounding the economic and political challenges for a new government to assume office within two months. It remains to be seen how the new tensions in Europe over Ukraine, reviving cold war memories, play out in the coming weeks.